Expedia Group (NASDAQ:EXPE) Given New $140.00 Price Target at Wells Fargo & Company

Expedia Group (NASDAQ:EXPE) had its target price upped by Wells Fargo & Company from $137.00 to $140.00 in a report released on Tuesday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the online travel company’s stock.

A number of other brokerages also recently commented on EXPE. BMO Capital Markets reaffirmed a market perform rating and set a $145.00 price objective on shares of Expedia Group in a research report on Wednesday, May 15th. Oppenheimer reaffirmed an outperform rating and issued a $175.00 price target on shares of Expedia Group in a research note on Monday, April 29th. Evercore ISI cut their price objective on Expedia Group from $190.00 to $175.00 and set an outperform rating for the company in a report on Friday, May 3rd. JPMorgan Chase & Co. lowered their target price on Expedia Group from $136.00 to $128.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Finally, TD Cowen dropped their target price on Expedia Group from $165.00 to $130.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $148.24.

Expedia Group Price Performance

EXPE opened at $131.69 on Tuesday. The firm has a market capitalization of $17.95 billion, a P/E ratio of 24.66, a PEG ratio of 0.49 and a beta of 1.78. The stock has a fifty day moving average of $119.47 and a 200-day moving average of $132.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.93. Expedia Group has a 12-month low of $92.48 and a 12-month high of $160.05.

Expedia Group (NASDAQ:EXPE) last announced its quarterly earnings data on Thursday, May 2nd. The online travel company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.96) by $0.57. Expedia Group had a return on equity of 41.63% and a net margin of 6.18%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.80 billion. Equities analysts forecast that Expedia Group will post 9.25 EPS for the current fiscal year.

Insider Buying and Selling

In other Expedia Group news, Director Craig A. Jacobson sold 6,722 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now owns 32,620 shares of the company’s stock, valued at approximately $3,676,600.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Lance A. Soliday sold 544 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $113.38, for a total value of $61,678.72. Following the completion of the sale, the chief accounting officer now owns 11,187 shares in the company, valued at $1,268,382.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Craig A. Jacobson sold 6,722 shares of Expedia Group stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $112.71, for a total value of $757,636.62. Following the sale, the director now directly owns 32,620 shares in the company, valued at $3,676,600.20. The disclosure for this sale can be found here. 8.07% of the stock is owned by insiders.

Institutional Trading of Expedia Group

A number of hedge funds have recently modified their holdings of the company. ValueAct Holdings L.P. acquired a new position in shares of Expedia Group in the fourth quarter valued at $645,346,000. Norges Bank acquired a new position in shares of Expedia Group in the 4th quarter valued at $334,632,000. Acadian Asset Management LLC lifted its holdings in shares of Expedia Group by 414.4% during the 1st quarter. Acadian Asset Management LLC now owns 686,244 shares of the online travel company’s stock worth $94,512,000 after acquiring an additional 552,831 shares during the period. Norden Group LLC acquired a new stake in shares of Expedia Group during the 1st quarter valued at about $40,976,000. Finally, Jupiter Asset Management Ltd. increased its stake in Expedia Group by 90.4% in the first quarter. Jupiter Asset Management Ltd. now owns 557,243 shares of the online travel company’s stock valued at $76,760,000 after acquiring an additional 264,572 shares during the period. Institutional investors own 90.76% of the company’s stock.

Expedia Group Company Profile

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.